In defiance of US sanctions, Russia showcases robust economic growth in 2024, surpassing expectations. As a founding member of BRICS, Russia reports a remarkable 100% increase in its oil and gas revenues in April, soaring from $7 billion to $14 billion compared to the previous year. This significant surge sets a positive example for BRICS in their collective move away from reliance on the US dollar.

The conflict with Ukraine serves as a mere backdrop to Russia's larger battle with the USA. Over the past two years, Russia has demonstrated the ability to thrive economically without US involvement or dependence on the dollar. The resilience of BRICS and its allies showcases the possibility of economic progress amidst diplomatic tensions with the USA.

Recent reports from Reuters highlight Russia's oil revenue growth, doubling from $7 billion to $14 billion between April 2023 and April 2024, marking a substantial 100% increase. Looking ahead to the full year of 2024, Russia anticipates oil and gas revenues of $123 billion, reflecting a solid annual growth rate of 30%.

The evolving global trade landscape since 2022 has seen Saudi Arabia opting for cost-effective Russian oil, which is then distributed extensively across Europe. India's strategic oil purchases from Russia have resulted in significant savings of $7 billion due to favorable exchange rates. China remains a key buyer of Russian oil, conducting transactions in yuan, while numerous other developing nations are following suit by using their local currencies for trade with Russia, reducing reliance on the US dollar and bolstering their own currencies.

Despite the ongoing Russo-Ukrainian conflict, Russia's economic prosperity persists, contrasting with the weakening position of the US dollar as the USA's debt surpasses $34.6 trillion. The BRICS nations are experiencing accelerated growth, indicating a shift in the global economic landscape. The conflict between Russia and Ukraine is merely a facade; the real battle lies between Russia and the USA, with BRICS challenging the dominance of the US dollar. The outcome of this economic power struggle remains uncertain.